If Ann were to convert some of her checkable deposits into a certificate of deposit, which of the following changes would take place?
a. M1 would decrease and then increase; M2 would increase and then decrease
b. There would be no changes to Ml or M2
c. Ml would decrease; there would be no change in M2
d. Ml would increase; M2 would increase.
e. M1 would decrease; M2 would decrease
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Home » Business » If Ann were to convert some of her checkable deposits into a certificate of deposit, which of the following changes would take place? a. M1 would decrease and then increase; M2 would increase and then decrease b.